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A transfer fee will be required for transferring the ownership of a property to another person which has to be paid in most cases by the buyer directly to the developer. Depending on the developer, the transfer fee will vary between 1% and 10%, either on the original price or the new purchase price. The figures which are desplayed below could change and are not optional.
(Applicable to the original price unless otherwise stated)
Developer Transfer Fee Comments
Emaar 1.5% Transfer fee applicable to Selling Price NOT Original Price
Aber Group 1%
Al Attar Group 2%
Al Barari 2%
Cayan 2%
Damac 3% For certain project, may vary from 1-2%
Deyaar 1% - 3% Varies depending on project
Dheeraj & East Coast AED 5,000 AED 5,000 based on first resale only; 2% thereafter
Diamond Investments 1%-2% 1% Marina Diamond II - VI;2% Marina Diamond I
Dubai Properties 2% For completed projects (i.e. JBR), transfer fee may no
longer be applicable
ETA Star 2%
Fortune Group 2%
IFA Hotels & Resorts 2%
Ilyas & Mustafa Galadari Grp 2% Transfer fee applicable to Selling Price NOT Original Price
KM Properties 2% Transfer fee applicable to selling price NOT original price
Nakheel 2%
Omniyat 3%
Tameer 2%
Trident International Holdings 2%
Union Properties 2%,3.5% or 10% Transfer fee applicable to selling price NOT original price:
2% Uptown Mirdiff, Green Community & Motorcity;3.5%
DIFC;10% Green community Motorcity upon completion
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Notes
- These numbers are indicative only - Always check your contract and with the developer directly.
- Transfer fees may differ when certain projects change over from offplan to completed.
- First property purchased directly from the developer does NOT inucr a transfer fee.
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